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Energy Tomorrow Blog

Gulf Lease Auction Points to Our Offshore Potential

offshore leases  offshore development  outer continental shelf  gulf of mexico  eastern gulf of mexico  atlantic ocs  job creation 

Mark Green

Mark Green
Posted March 19, 2014

This week’s central Gulf of Mexico lease auction, which saw oil and natural gas companies pledge more than $850 million in winning amounts, certainly helps support the United States’ status as an energy superpower. Developing more of our own oil and natural gas – and this week’s auction is a big step toward production – makes our country more energy secure, creates jobs and boosts the U.S. in global energy marketplace.

The potential benefits from future energy production from this week’s auctioned leases – jobs, economic growth and revenue for government – also suggest a couple of “what ifs”: What if the federal government included the Atlantic Outer Continental Shelf (OCS) in its next five-year leasing plan, the first step toward development in those areas? What if the U.S. opened more of the eastern Gulf to exploration and development?

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A Step Forward for Jobs and Security

seismic survey  seismic technology  offshore development  outer continental shelf  atlantic ocs 

Mark Green

Mark Green
Posted February 27, 2014

The federal government has released its environmental review on the potential impacts of seismic surveying on the Atlantic outer continental shelf (OCS) – testing that’s key to future oil and natural gas development off the U.S. coast, from Delaware to central Florida. That development could significantly add to domestic energy production, create jobs and stimulate economic growth and strengthen America’s energy security.

By permitting seismic surveying in the Atlantic and including Atlantic lease sales in the federal government’s next five-year leasing plan, we could see major benefits, according to a study by Quest Offshore Resources.

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Looking to the Atlantic For Energy, Jobs

atlantic ocs  outer continental shelf  offshore drilling  offshore leasing plan  oil and natural gas development  jobs  government revenues 

Mark Green

Mark Green
Posted December 13, 2013

Last week we posted on a new study showing tremendous economic and energy benefits to opening the U.S. Atlantic Outer Continental Shelf (OCS) to offshore oil and natural gas development. The folks at the National Ocean Industries Association have a video out that captures the study’s highlights in a little over a minute.

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Unlock the OCS, Unlock Energy Potential

natural gas  energy  atlantic ocs  oil 

Mark Green

Mark Green
Posted February 20, 2013

The map below makes clear that while there’s talk in Washington of an all-of-the-above approach to energy, there’s much to be done in applying that concept to our outer continental shelf (OCS) oil and natural gas reserves. Other claims notwithstanding, the number to focus on is 87 – as in the 87 percent of federal offshore acreage that’s off limits to oil and natural gas development, indicated in red.

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